Palm Officially Looking for a Buyer

Palm has been rumored to be in trouble for some time, so it's not a big surprise to read this week that Palm is looking for a buyer. According to Bloomberg Palm is working with the Goldman Sachs Group Inc. and Frank Quattrone’s Qatalyst Partners and is "seeking bids for the company as early as this week, according to three people familiar with the situation."

Taiwan’s HTC Corp. and China’s Lenovo Group Ltd. are two companies mentioned as potential buyers. Palm's stock rose 17% on the news.

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Telecom Today covers the latest news in communications technology and offers expert analysis and commentary on the most important ...
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Telecom Today covers the latest news in communications technology and offers expert analysis and commentary on the most important telecom tools and trends for your business. From telephony to wi-fi to unified communications, Telecom Today will go beyond the buzzwords to help you understand what you need to know about telecommunications.
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